=Ubiquiti Networks (UBNT) reported earnings on Thur 3 Aug 2017 (b/o)

Ubiquiti Networks (UBNT) shares shot up in value by nearly a fourth after the maker of wireless networking gear reported better-than-expected earnings and revenue and guided investors to higher earnings in the current quarter Thursday.

Ubiquiti shares jumped out of a consolidation and into a buy zone, catapulting upward by 22% to 65.82 in morning trades on the stock market today.

Ubiquiti said Thursday that fiscal fourth-quarter earnings were 75 cents a share, up 9% from a year ago, with revenue rising 23% to $228.6 million, topping consensus estimates. A year earlier, Ubiquiti Networks earned 69 cents a share on sales of $185.7 million. Analysts expected Ubiquiti Networks to report earnings of 74 cents on sales of $220.3 million for the period ended June 30.

In the current quarter, Ubiquiti forecast GAAP profit of 85 cents vs. estimates of 79 cents. Ubiquiti said it expects revenue of $240 million, well above estimates of $226.2 million.

=Ubiquiti Networks (UBNT) reported earnings on Thur 9 Feb 2017 (a/h)

• Ubiquiti misses 2Q profit forecasts

SAN JOSE, Calif. (AP) _ Ubiquiti Networks Inc. (UBNT) on Thursday reported fiscal second-quarter earnings of $60.6 million.

The San Jose, California-based company said it had net income of 72 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The computer networking company posted revenue of $213.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $205.2 million.

For the current quarter ending in April, Ubiquiti expects its per-share earnings to range from 73 cents to 79 cents.

The company said it expects revenue in the range of $210 million to $220 million for the fiscal third quarter.

Ubiquiti shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.13, more than doubling in the last 12 months.

Ubiquiti Networks (UBNT) reported earnings Fri 10 Aug 2012

Ubiquiti Networks, Inc. (UBNT) plummeted 40.5% or $6.08 to $8.93 after the wireless broadband service provider reported revenues in the fourth quarter ending in June surged 40.3% to $94.9 million compared to $67.6 million in the same period of last year. Net income in the quarter swung to $28.5 million or 30 cents per diluted share compared to net loss of $9.35 million or 15 cents per share a year ago period.

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